This article, intended for business owners and written from an accountant’s perspective, explains the concept of a franking account and its role in the dividend imputation system in Australia. It covers the purpose of the account, how it works, the significance of franking credits, managing the account balance, tax reporting, compliance, and strategic considerations for business owners. Understanding franking accounts is key for business owners to manage dividends and maximise financial benefits for their company and shareholders.

This article, written for business owners from an accountant’s perspective, outlines the key differences between contractors and employees. It covers aspects such as definition and nature of work, tax and superannuation obligations, payment and benefits, work arrangements, legal implications, and the importance of professional advice. Understanding these distinctions is essential for business owners to make informed decisions about their workforce and ensure compliance with relevant laws and regulations.

This article, intended for clients and written from a tax agent’s perspective, emphasizes the importance of providing information digitally for tax returns. It outlines the necessary information, advantages of digital submission, methods for preparing digital records, the role of accounting software, and the benefits of staying informed through electronic means. The focus is on simplifying and securing the tax return process through digital solutions.

This article, written from a tax agent’s perspective, provides a comprehensive overview of Capital Gains Tax (CGT) and its implications for Australian investors selling investment assets. It covers the basics of CGT, calculation methods, CGT events, discounts, exemptions, reporting, payment, and the importance of professional advice. Understanding these aspects is vital for investors to manage their tax obligations effectively when disposing of investment assets.

This article, intended for business owners and written from an accountant’s perspective, provides an overview of Fathom Reporting and its capabilities. It covers Fathom’s features like in-depth financial analysis, customisable reporting, benchmarking, forecasting, and consolidation for multi-entity businesses. The focus is on how Fathom can facilitate informed decision-making, efficient time management, and proactive business management, making it an essential tool for businesses looking to enhance their financial insight and strategic planning.

This article, written from a business advisor’s perspective, highlights the importance of Google reviews for businesses. It covers how reviews build trust and credibility, influence consumer decisions, enhance online visibility, provide valuable feedback, help in building customer relationships, manage negative feedback, offer a competitive advantage, and act as cost-effective marketing. Emphasising the role of Google reviews underscores their significance in a business’s digital strategy and overall success.

This article, written from a tax agent’s perspective, provides a comprehensive checklist of the essential information and documents needed for preparing an individual tax return in Australia. It covers areas such as personal identification, income statements, investment income, capital gains, deductions, superannuation contributions, health insurance, debt information, and other relevant details. This guide aims to help individuals gather all necessary information for an accurate and efficient tax filing process.

This article, written from a tax agent’s perspective, provides insights into how the ATO’s data matching system functions. It covers the sources of data used, the process of matching, implications for taxpayers, preventative measures, staying updated with ATO practices, and responding to ATO queries. This understanding is essential for taxpayers to ensure compliance and avoid potential issues with their tax returns.

This article, written from a tax agent’s perspective, provides essential information on individual tax deductions in Australia. It covers common deductible expenses, non-deductible expenses, the importance of documentation and record-keeping, staying informed about tax law changes, and the value of professional advice. This guide aims to help individual taxpayers understand and effectively claim their eligible tax deductions.